Cloud kitchen operator Rebel Foods has raised $50 million in a fresh funding round from existing investor, US-based hedge fund Coatue Management, according to its filings with the Registrar of Companies. The latest equity financing round follows the $125 million raised by the Mumbai-based company in August last year, which was also led by technology-focused Coatue Management and saw participation from the investment arms of ride-hailing major Go-Jek and Goldman Sachs. Read More..
Online food delivery platform Swiggy has raised an additional $43 million as part of its ongoing Series I round to further develop and expand its new businesses. This comes roughly 45 days after the food ordering firm raised $113 million led by South African internet giant Naspers, along with Hadley Harbour Master Investments and Meituan Dianping. The latest investment takes Swiggy’s total round size to $156 million, valuing the company at over $3.6 billion. Read More..
Education technology platform Vedantu has raised Rs 96 crore (about $12.5 million) as part of its Series C1 round, led by Chinese venture capital firm Legend Capital, with participation from Omidyar’s Ohana Holdings LLC. The investment follows a $42 million fund infusion led by Tiger Global Management in August last year, followed by a $24 million round from GGV Capital in February this year. Both investments were part of Vedantu’s Series C round. Read More..
Agritech platform DeHaat has raised $12 million (Rs 83 crore) in a Series A funding round led by Sequoia India with participation from FMO, the Dutch entrepreneurial development bank. Existing investors Omnivore and AgFunder also participated in this round. DeHaat plans to use some of the funds raised to automate its supply chain and build the next layer of data analytics to further drive supply chain efficiency, the company said in a statement. Read More..
Online gaming firm Zupee has raised $8 million in its Series A funding round led by Matrix Partners India as it looks to expand its user base. Falcon Edge Capital, WestCap Group, Orios Venture Partners and Zupee’s early stage investor Smile Group also participated in the latest round. The funds raised will be used to increase the company’s user base and invest in strengthening technology, team and marketing, Dilsher Singh Malhi, CEO of Zupee, told ET. Read More..
Online food delivery and restaurant recommendation platform Zomato has raised close to $5 million (Rs 38.20 crore) from Pacific Horizon Investment Trust, a fund managed by British investment manager Baillie Gifford. According to documents filed by Zomato with the Registrar of Companies, and accessed by business intelligence platform Tofler, the Gurugram-headquartered company has allotted 1,177 Series J2 Compulsorily Convertible Cumulative Preference Shares (CCCPS) at $4,245.56 apiece, for a total consideration of $4.99 million, to Pacific Horizon Investment Trust. Read More..
Financial services marketplace BankBazaar has raised Rs 29 crore as part of its ongoing Series D round from existing investors including Amazon, Sequoia and Walden SKT Venture Fund, according to its filings with the Registrar of Companies. This funding comes more than two and a half years after the global credit rating agency Experian had led a $30 million financing round into the Chennai-based startup. It has raised total funding of more than $110 million to date. Read More..